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The single greatest tool for raising living standards is human ingenuity, which has been around for thousands upon thousands of years longer than capitalism has
by Qz 16y ago
The single greatest tool for raising living standards is human ingenuity, which has been around for thousands upon thousands of years longer than capitalism has been around. Capitalism has its pros, but it also has substantial cons, and it's dangerous to go around blindly proclaiming capitalism as the solution to the world's woes.
- aneth 16y agoAt it's core, capitalism is an incentive system to innovate and distribute innovation. Human ingenuity is not sufficient in-and-of itself. Without being rewarded for giving your innovations to others, inventions are less likely to arise or be widely adopted.